Oireachtas Joint and Select Committees
Tuesday, 23 February 2021
Public Accounts Committee
Horse Racing Ireland: Financial Statements 2019
10:00 am
Mr. Brian Kavanagh:
It was used to fund working capital needs and there were also trading losses in the years from 2015 to 2019, inclusive. The situation is now a profitable one and a cash profit was generated in 2020. The funding therefore was allocated for the capital and working and trading aspects of the situation in those years.
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